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Industrial New Orders up by 0.3% in Euro Area in August 2007
added: 2007-10-23

The euro area (EA13) industrial new orders index rose by 0.3% in August 2007 compared with July 2007. The index fell by 2.6% in July. EU27 new orders increased by 1.0% in August 2007, after a decrease of 3.5% in July. Excluding ships, railway and aerospace equipment4 industrial new orders gained 0.3% in the euro area and 0.9% in the EU27 in August 2007.



In August 2007 compared with August 2006, industrial new orders increased by 5.1% in the euro area and by 8.2% in the EU27. Total industry excluding ships, railway and aerospace equipment grew by 6.3% in the euro area and by 9.8% in the EU27.

Monthly changes

In August 2007 compared with July 2007, new orders for chemicals and chemical products rose by 2.4% in the euro area and by 1.7% in the EU27. Manufacturing of basic metals and fabricated metal products increased by 0.2% and 0.7% respectively. Machinery and equipment remained unchanged in the euro area but fell by 1.1% in the EU27. Manufacturing of textiles & textile products declined by 1.4% and 0.3% respectively. Electrical and electronic equipment decreased by 1.6% in the euro area and by 1.2% in the EU27. Transport equipment fell by 2.9% in the euro area but rose by 0.4% in the EU27.

In August 2007, among the Member States for which data are available, total manufacturing working on orders rose in ten, fell in nine and remained stable in Bulgaria. The highest increases were recorded in Latvia (+8.2%), Ireland (+6.0%) and Poland (+4.9%), and the largest decreases in Slovakia (-7.9%), Sweden (-4.2%) and Hungary (-4.1%).

Annual changes

In August 2007 compared with August 2006, new orders for machinery & equipment grew by 13.1% in the euro area and by 15.4% in the EU27. Chemicals and chemical products increased by 6.1% and 7.9% respectively. Manufacturing of basic metals and fabricated metal products rose by 4.7% in the euro area and 5.7% in the EU27. Manufacturing of textiles & textile products gained 3.2% and 4.6% respectively. Electrical & electronic equipment increased by 1.3% in the euro area and by 3.2% in the EU27. Transport equipment gained 1.1% and 12.0% respectively.

In August 2007, among the Member States for which data are available, total manufacturing working on orders rose in seventeen and fell in three. The highest increases were registered in Poland (+81.6%), Hungary (+33.3%) and Lithuania (+28.2%), and the only decreases in Denmark (-18.4%), Italy (-1.8%) and the Netherlands (-0.4%).


Source: European Commission

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